Text me if you have any questions/comments for me.
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BST
- Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to the short-term support and today, it gapped up
- A successful rebound is around 3.42 levels
- A resistance level looks to have formed at 3.45 levels
- An entry around 3.42 levels can be considered as a pre-breakout entry
- To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
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BST
- Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to the short-term support and today, it gapped up
- A successful rebound is around 3.42 levels
- A resistance level looks to have formed at 3.45 levels
- An entry around 3.42 levels can be considered as a pre-breakout entry
- To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry